Thinking about buying in Nome? Now could not be a better time, with 861 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $503,000 with prices in this suburb ranging from $93,000 to $2,371,000. Nome is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Nome Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Nome due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Nome changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Nome necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Nome we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Nome a better buying opportunity than it may have been in the past.

Properties for sale Nome

	lot 91 pavia dr, nome, qld, 4816	0	0	0	$95,000
	cleveland palms, 12 molloy cr, nome, qld, 4816	2	2	6	OFFERS CONSIDERED.
	cleveland palms, 9 koppe pl, nome, qld, 4816	0	0	0	$145,000
	cleveland palms, 7 molloy cr, nome, qld, 4816	0	0	0	$150,000
	cleveland palms, 8 jones cr, nome, qld, 4816	1	1	1	$190,000

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